Note 8 – Pension Plan

As of December 31, 2003, the benefit service under the pension plan had been frozen and, accordingly, there is no service cost. As of April 30, 2009, the compensation increments had been frozen and, accordingly, no additional benefits are being accrued under the pension plan.

The following table presents the components of net periodic pension cost:

	Three months ended March 31
In thousands	2019		2018
Interest cost	$	125	$	113
Expected return on plan assets		(172)		(203)
Amortization of net actuarial loss		65		56
Net periodic pension expense (benefit)	$	18	$	(34)

As of March 31, 2019 and 2018, the Company had recorded a current pension liability of $709,000 and $669,000, respectively, which is included in accrued liabilities in the Condensed Consolidated Balance Sheets, and a long-term pension liability of $3.6 million and $3.5 million, respectively, which is included in deferred pension liability and other in the Condensed Consolidated Balance Sheets. The minimum required contribution in 2019 is expected to be $623,000, of which the Company contributed $391,000 subsequent to March 31, 2019.